2. Consider the following statements–
1. Indian Railways is the second largest rail network in the world under a
single management.
2. In Indian Railways, about 50% of the total track km has been electrified.
Which of the above statements is/are correct?
(A) 1 only (B) 2 only
(C) Both 1 and 2 (D) Neither 1 nor 2See Answer:

3. An ‘Innovation fund’ of Rs. 5,000 crore has been planned by the government
with an aim to–
(A) promote research and development in defence sector.
(B) promote new talents and their innovation tendencies.
(C) finance the promotional activities to attract foreign direct investment.
(D) promote the development of new generation satellites. See Answer:

4. With reference to Manufacturing consider the following statements–
1. Manufacturing occupies an unusually large weight (65 percent), relative to
its share in national output.
2. It has an exaggerated bearing on inflation measurement in India.
Which of the above statements is/are correct?
(A) 1 only (B) 2 only
(C) Both 1 and 2 (D) Neither 1 nor 2 See Answer:

5. With reference to growth in Indian economy which of the following statements
is/are correct?
1. The long-term growth rate of the agriculture sector over the last 60 years
has been 2.7 percent.
2. Industrial sector registered a higher growth rate than the services sector
ever since Independence.
3. Services sector accounts for highest share of sectoral composition of GDP
followed by Industry and Agriculture.
(A) 1 and 3 (B) 2 and 3
(C) 1 and 2 (D) All of these See Answer:

6. Scheduled Commercial Banks are allowed to borrow at their own discretion
using–
(A) Net demand and time liabilities (B) Marginal standing facility
(C) Open market operation (D) None of these See Answer:

7. Which of the following does not mainly consist of Portfolio Investment?
(A) FII investment (B) American depository receipts (ADRs)
(C) Global depository receipts (GDRs) (D) None of these See Answer:

8. Which of the following does not contribute to sustainable development?
(A) Improvement of economic well being with social justice.
(B) Restrained use of, natural resources.
(C) Protection of interests of future generations.
(D) None of these See Answer:

9. Which Committee set up by RBI has the mandate to study issues and concerns
in the micro-finance sector?
(A) Y. H. Malegam Committee (B) J. J. Irani Committee
(C) Mashelkar Committee (D) None of these See Answer:

10. A state of economy where aggregate demand is greater than the total supply
of goods and services is called–
(A) Repressed-inflation (B) Reflation
(C) Deflation (D) Demand pull-inflation See Answer:

11. Which of the following-forms a major innovation of National Rural Health
Mission?
(A) Creation of a cadre of Accredited Social Health Activists (ASHA).
(B) Improvised hospital care.
(C) Decentralisation at district level arid effective utilisation of resources
through NGOs and community.
(D) All of these See Answer:

12. Which of the following forms an important component of the foreign exchange
reserves of the country?
(A) Foreign exchange assets of RBI (B) Gold reserves of RBI
(C) SDR holdings of the Government (D) All of these See Answer:

13. According to World Bank’s “Global Development Finance, 2012” report, India
is the fifth most indebted country, after China, the Russian Federation, Brazil
and–
(A) Turkey (B) Indonesia
(C) United States of America (D) Greece See Answer:

15. In which group of crops, growth rate in yield levels appears to have plateaued over the last few years?
(A) Rice and Wheat (B) Pulses and Mustard
(C) Sugarcane and Oilseeds (D) Coarse cereals and plantation crop See Answer:

16. Which of the following forms part of National Manufacturing Policy?
1. Provision for National Investment and Manufacturing Zones (NIMZs).
2. Create appropriate skill sets among the rural migrant and urban poor for
their easy absorption in manufacturing.
3. Enable manufacturing to contribute at least 25% of GDP by 2022.
(A) 1 only (B) 2 only
(C) 1 and 2 (D) All of these See Answer:

17. Consider the following statements with regard to Environmental Performance
Index–
1. India’s Environmental Performance Index rank is 122 out of 132 countries.
2. India’s performance is better on protection of its forests and fisheries.
(A) 1 only (B) 2 only
(C) Both 1 and 2 (D) Neither 1 nor 2 See Answer:

18. Which of the following States has formed ‘Innovation Council’ based on the
lines of National Innovation Council?
(A) Bihar (B) Haryana
(C) Karnataka (D) West Bengal See Answer:

20. Which group of labour comes under the provision of Aam Admi Yojana?
(A) All labour in rural areas
(B) Only labour of urban region
(C) All landless labour living below poverty line in rural areas
(D) None of theseSee Answer: